Advanced Estate Planning
Sophisticated strategies for complex planning needs
Beyond Basic Estate Planning
For families with significant assets, business interests, or complex family situations, basic estate planning tools may not be sufficient. Advanced estate planning uses sophisticated strategies to address specific concerns around wealth preservation, tax efficiency, charitable giving, and legacy planning.
When Advanced Estate Planning Makes Sense
Advanced estate planning strategies may be appropriate if you:
- Have a high net worth and need to minimize estate and gift taxes
- Own a business and need to plan for succession while minimizing tax impact
- Want to leave a charitable legacy while also providing for your family
- Have family members with special needs who require lifetime care
- Have blended family dynamics that require careful planning
- Own real estate in multiple states or have international assets
Our Advanced Estate Planning Services Include:
Irrevocable Life Insurance Trusts (ILITs)
These trusts own life insurance policies on your life, keeping the proceeds outside your taxable estate while providing liquidity for your heirs to pay estate taxes and other expenses.
Charitable Remainder Trusts (CRTs)
These trusts allow you to donate assets to charity while retaining an income stream for yourself or your beneficiaries for a specified period, after which the remainder goes to your chosen charity.
Family Limited Partnerships (FLPs)
A business structure that allows you to transfer assets to family members while maintaining control and potentially reducing gift and estate taxes through discounting.
Qualified Personal Residence Trusts (QPRTs)
These trusts allow you to transfer your home to your beneficiaries at a reduced gift tax value while retaining the right to live in it for a specified period.
Generation-Skipping Transfer Planning
Strategies to efficiently transfer wealth to grandchildren or later generations while navigating the generation-skipping transfer tax.
Business Succession Planning
Comprehensive planning for the transition of business ownership and management, including buy-sell agreements, family business transfers, and ESOPs.
Our Advanced Planning Process
Comprehensive Assessment
We begin with a thorough review of your current financial situation, assets, family dynamics, and long-term goals.
Strategy Development
We identify the advanced planning techniques that best align with your specific needs and objectives.
Collaboration
We work with your existing financial advisors, accountants, and other professionals to create a coordinated approach.
Implementation
We prepare all necessary legal documents and guide you through the process of executing your advanced estate plan.
Ongoing Review
We provide regular reviews to ensure your plan remains aligned with your goals and adapts to changes in tax laws and your personal circumstances.
Ready to Explore Advanced Planning Options?
Contact us today to schedule a consultation and discover how our advanced estate planning strategies can help preserve your wealth for generations to come.
Schedule a Consultation